Profits news and trends

Sezzle CEO: FinTech Path to Profitability Starts With Being Your Own Worst Critic
Fintech Investments // February 01, 2023

If Sezzle CEO Charlie Youakim had to write a book about the FinTech bubble that burst in 2022, he’d call it “Crazy Money.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

300 Merchants Share Best Practices on Resolving Costly Credit Card Disputes
Fraud Prevention // July 14, 2022

Credit card transaction volume during the past two years has presented something of a model of the rest of the economy since the pandemic began — a sharp drop-off, followed by a rebound. Credit card transaction volume jumped 26% in 2021, and accompanying this increased...

FDIC: US Banks See Chargebacks Soar, Profits Tank Due To Pandemic
Bank Regulation // June 17, 2020

U.S. bank profits took a hit of 69.6 percent in profits in the first quarter of the year compared to the same time last year, according to Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Amazon To Use Expected $4B In Q2 Profits On COVID-19 Expenses
Coronavirus // April 30, 2020

Amazon.com Inc. said it expects to spend its anticipated $4 billion second-quarter profits on coronavirus-related expenses, according to the company’s filing with the Securities and Exchange Commission (SEC). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Quick Reads
FDIC: US Banks See Chargebacks Soar, Profits Tank Due To Pandemic

June 17, 2020
U.S. bank profits took a hit of 69.6 percent in profits in the first quarter of the year compared to the same time last year, according to Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to […]

Amazon To Use Expected $4B In Q2 Profits On COVID-19 Expenses

April 30, 2020
Amazon.com Inc. said it expects to spend its anticipated $4 billion second-quarter profits on coronavirus-related expenses, according to the company’s filing with the Securities and Exchange Commission (SEC). Get the Full Story...

Uber Expects Revenue Plunge As It Retracts 2020 Guidance 

April 17, 2020
The ongoing coronavirus pandemic has caused Uber to withdraw its 2020 guidance as it anticipates a $1.9-$2.2 billion impairment charge and $17-22 million in first-quarter losses. Get the Full Story...

Apple Eases Streaming App Commissions

April 02, 2020
Apple has announced it will end its practice of taking a cut of streaming revenue from Amazon’s Prime Video and other such platforms for some services on iPhones and other...